RATE Group | SEC Charge Bitcoiin2Gen’s Steven Seagal – Cryptocurrency Regulation
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SEC Charge Bitcoiin2Gen’s Steven Seagal – Cryptocurrency Regulation

29 Feb SEC Charge Bitcoiin2Gen’s Steven Seagal – Cryptocurrency Regulation

Posted at 21:58h in Cryptocurrency News by

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SEC Charge Bitcoiin2Gen's Steven Seagal

The United States Securities and Exchange Commission (SEC) revealed they’ve settled previously undisclosed charges against movie actor, Steven Seagal.

Steven Seagal, a 67-year-old martial arts expert who resides in Moscow, Russia allegedly failed to disclose payments he received for promoting investment in Bitcoiin2Gen’s (B2G) initial coin offering (ICO).

Seagal’s promotion reportedly include posts on his public social media accounts. He encouraged the public not to “miss out” on Bitcoiin2Gen’s ICO. He also released a post titled “Zen Master Steven Seagal Has Become the Brand Ambassador of Bitcoiin2Gen.”

Furthermore, a Bitcoiin2Gen press release also included a quotation from Seagal stating that he endorsed the ICO wholeheartedly.

The SEC charges

The SEC claims that Seagal failed to disclose a promised $250,000 in cash. As well as, $750,000 worth of B2G tokens in exchange for his promotions.

Additionally, these promotions came six months after the SEC’s 2017 DAO Report…

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